Archer-Daniels-Midland Company (NYSE:ADM) Given Consensus Rating of “Reduce” by Analysts

Archer-Daniels-Midland Company (NYSE:ADMGet Free Report) has been assigned a consensus recommendation of “Reduce” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and fourteen have given a hold rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $67.00.

A number of equities research analysts recently commented on the company. Roth Capital downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Jefferies Financial Group decreased their price target on Archer-Daniels-Midland from $70.00 to $65.00 and set a “hold” rating for the company in a report on Wednesday, March 13th. The Goldman Sachs Group downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the company from $90.00 to $67.00 in a report on Monday, January 22nd. Roth Mkm downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and decreased their price target for the company from $98.00 to $66.00 in a report on Monday, January 22nd. Finally, Citigroup began coverage on Archer-Daniels-Midland in a research note on Thursday, February 1st. They set a “neutral” rating and a $57.00 target price for the company.

View Our Latest Stock Analysis on Archer-Daniels-Midland

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. PCA Investment Advisory Services Inc. purchased a new position in Archer-Daniels-Midland during the 2nd quarter worth approximately $25,000. Orion Capital Management LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Tompkins Financial Corp purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $28,000. Legacy Financial Group LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $30,000. Finally, Operose Advisors LLC purchased a new position in Archer-Daniels-Midland during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Archer-Daniels-Midland Trading Down 0.8 %

ADM stock opened at $62.00 on Tuesday. The firm has a fifty day moving average price of $56.30 and a 200 day moving average price of $67.76. Archer-Daniels-Midland has a fifty-two week low of $50.72 and a fifty-two week high of $87.30. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.60. The firm has a market cap of $31.61 billion, a PE ratio of 9.69 and a beta of 0.75.

Archer-Daniels-Midland (NYSE:ADMGet Free Report) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.07). The company had revenue of $22.98 billion during the quarter, compared to the consensus estimate of $23.79 billion. Archer-Daniels-Midland had a return on equity of 15.25% and a net margin of 3.71%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.93 earnings per share. Sell-side analysts anticipate that Archer-Daniels-Midland will post 5.58 earnings per share for the current fiscal year.

Archer-Daniels-Midland declared that its board has approved a share repurchase plan on Tuesday, March 12th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Archer-Daniels-Midland Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Archer-Daniels-Midland’s previous quarterly dividend of $0.45. Archer-Daniels-Midland’s dividend payout ratio (DPR) is currently 31.25%.

About Archer-Daniels-Midland

(Get Free Report

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. The company operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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Analyst Recommendations for Archer-Daniels-Midland (NYSE:ADM)

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